1. LINE

      Text:AAAPrint
      Economy

      Pressure & prospects: Micro view of China economy(2)

      1
      2015-07-16 09:32Xinhua Editor: Gu Liping

      Liaoning only reported growth of 1.9 percent in Q1, the slowest in the country. Industrial added value, fixed asset investment and foreign trade, all fell in the first four months.

      "Since last year, we have bid on 60 projects, and been successful on only one. We are living off our own fat," said Yao Yongke, general manager of Dalian Shipbuilding Industry Offshore. The demand for offshore oil rigs, previously a jewel in Liaoning's economic crown, has shrunk sharply as international oil prices have fallen.

      Liaoning has launched 274 major construction projects since the beginning of last year with a huge total investment. Officials and entrepreneurs alike in Liaoning are clamoring for reforms to reduce government intervention in business operations.

      PROSPECTS

      While policies such as interest rate cuts help, China's real economy will gain more momentum from the Belt and Road initiative, Beijing-Tianjin-Hebei integrated development, the Yangtze River economic belt and free trade zones than from administrative reform.

      A brand new factory built by China Railway Rolling Stock Corp. (CRRC) began making trains in April, but in Malaysia. It is the first step overseas for China's rail equipment manufacturers. The importance of this shift from simply exporting products to establishing manufacturing bases overseas using Chinese technology, services and money should not be underestimated.

      International cooperation in industrial capacity is an area where China's existing expertise could prove invaluable, but free trade zones are showing a strong propensity for attracting foreign investment.

      At the end of May, just over a month after they opened for business, Guangdong, Tianjin and Fujian FTZs had attracted 7.8 billion yuan, 11.7 billion yuan and 3.2 billion yuan respectively, accounting for 45.3 percent, 69.4 percent and 53.6 percent of total foreign investment in their respective regions, according to the Ministry of Commerce.

      Boosted by the Silk Road Belt and Road plan, cargo trains linking China and Europe are on the increase. On Tuesday, a 41-container cargo train completed its maiden voyage from Hamburg, Germany, to Harbin in the northeast province of Heilongjiang. A route from Zhengzhou in central China to Hamburg now has two trains in each direction every week. Chongqing and Chengdu in the southwest, Wuhan, Zhengzhou and Changsha in central China, and Shenyang and Harbin, in the northeast, all now have rail freight services to Europe.

      Major national strategies can bring huge potential to China's economy. It is now up to China's new army of innovators and entrepreneurs to extract maximum value from that potential.

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 亚洲人成人77777网站不卡| 亚洲中文字幕久久精品无码APP| 久久久久亚洲av无码专区喷水| 人人公开免费超级碰碰碰视频| 天堂亚洲免费视频| 九九免费精品视频在这里| 免费欧洲毛片A级视频无风险| 亚洲精品无码成人片久久不卡| 在线观看特色大片免费视频 | 国产男女猛烈无遮挡免费视频网站 | 亚洲中文无码av永久| 免费v片在线观看视频网站| 亚洲av日韩av欧v在线天堂| 亚洲欧美成人av在线观看| 麻豆国产入口在线观看免费| 韩国亚洲伊人久久综合影院| 国产又大又长又粗又硬的免费视频 | 99精品全国免费观看视频| 亚洲av中文无码字幕色不卡| 免费看国产精品麻豆| 两个人日本WWW免费版| 亚洲高清资源在线观看| 在线观看免费人成视频色9| 国产天堂亚洲国产碰碰| 99视频全部免费精品全部四虎| 亚洲ts人妖网站| 免费人妻av无码专区| 在线免费播放一级毛片| 亚洲第一永久在线观看| 国产精品久久香蕉免费播放| 一本到卡二卡三卡免费高 | 亚洲欧美日韩综合久久久| 亚洲高清国产拍精品青青草原| 国产精品免费观看调教网| 亚洲jjzzjjzz在线观看| 无码不卡亚洲成?人片| 久久国产乱子伦精品免费不卡 | 国产福利免费在线观看| 国产一级片免费看| 亚洲熟妇AV一区二区三区宅男| 亚洲人成无码网站久久99热国产|